Crypto Surges as Gold Edges Downwards after Trump’s Win
Bitcoin has surged over 30% since President Trump's victory with Gold falling about 5% as dynamics continue shifting towards digital assets. Gold has been slightly abated, currently on a downward [...]
Kenya's Poverty Rate Edges to 40% KNBS
About 33.2% of urban dwellers in Kenya consumed less than KSh 8,000 per month, while 42.9% of Kenyans living in rural areas spent less than KSh 4,300 per month, comprised [...]Co-operative Bank Profits Increase by 4.4% to KSh 19.2 bn
The Co-operative Bank posted KSh 19.21 billion in the 9 months to September, a 4.4% uptick from KSh 18.4 billion recorded in the same period a year earlier. Total assets [...]Bancassurance Faces Headwinds as Claims Surge by 140%-AKI
Kenya’s bancassurance sector is facing profitability pressure from claims which have surged from Ksh6.6 billion in 2019 to Ksh14 billion last year. “This trend raises concerns about underwriting practices and [...]TikTok Bans Over 360,000 Videos in Kenya as Regulation Leash Tightens
More than 60,000 accounts on TikTok were banned by the social media network for violating community guidelines, according to TikTok's Q2 2024 community guidelines enforcement report. In June 2024, TikTok [...]Multichoice Subscriptions in Kenya Decline by 19% Amid Operational Difficulties
The South African Pay-TV service Multichoice has lost more than 1.8 million subscribers in its continental markets due to inflationary pressures and free-to-air alternatives. While we have made huge inroads [...]Kenya Spent US$ 3.481bn Importing from China in 2023
Kenya spent US$ 3.481bn importing goods and services from China, more than from any other country in the world, but still lower than the peak in 2021. “China consistently remained [...]Treasury Bill Rates Decline Further to 2023 Levels
Interest rates on Treasury bills have declined to levels last seen in August 2023, all below 14%, amid the Central Bank of Kenya’s resolve to begin the easing cycle in [...]Fuel Prices for November-December Remain Unchanged EPRA Review
The prices of Super Petrol, Diesel and Kerosene will now remain unchanged for the next 30 days in Nairobi after the latest monthly fuel review by the Energy and Petroleum [...]Mombasa Port Records 14% Cargo Jump, Uganda Major Mover
The Port of Mombasa recorded a 14% increase in cargo handled from January-October period with Uganda contributing to bulk of the performance. “Uganda was mainly responsible for the increase in [...]Kenyan Shilling Weakens Slightly as Dollar Rally Continues
The Kenyan Shilling weakened slightly against a stronger US Dollar on Thursday as demand for the foreign currency increased globally following President Trump’s victory last week. “Because of the dollar [...]Money Market Funds Soar as Unit Trusts Cross Record KSh 300bn
The value of combined assets of Collective Investment Schemes (CIS), such as Money Market Funds and fixed income funds, has crossed the 300 billion mark for the first time in [...]
